Wednesday, April 7, 2010 as of 11:14 AM ET
Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws.
Read More at Wikipedia ›Opening arguments began Monday afternoon in the high-profile trial of Rajat K.
Gupta, a former director at Goldman Sachs and Procter & Gamble, accused of insider trading.Assistant U.S. Attorney Reed Brodsky, the chief prosecutor in the case, said the government plans to call former Goldman banker Byron Trott to the stand this week.Federal prosecutors have also hinted they may call other notables like Goldman Sachs CEO Lloyd Blankfein as well as Berkshire Hathaway's Warren Buffett. Their names were included in court filings by federal prosecutors and defense lawyers made public May 17.Gupta is charged with five counts of securities fraud and one count of conspiracy. If convicted, he faces up to 25 years in prison. He has pleaded not guilty.Earlier Monday, a jury of 12 New Yorkers and four alternates were chosen. They include a fourth grade teacher, a physician's assistant and an executive at a nonprofit. The four man, eight woman group also includes a psychiatric nurse and a freelance b...
“Getting Steamed to Overcome Corporatism” author Ralph Nader on why Obama’s economic policies are flawed.
Goldman Sachs Group Inc.'s (GS) clearing arm agreed to pay $7 million to the Commodity Futures Trading Commission for supervision failures in handling accounts for a...
FBN's Adam Shapiro with an afternoon market update, plus news that Allen Stanford has been found guilty on 13 counts in his Ponzi scheme trial.
Remember that eye-popping $110 million bill taxpayers are on the hook for in defending former Fannie Mae and Freddie Mac execs since 2004?The total bill is actually ...
Federal law enforcement officials investigating the implosion of MF Global are concluding that sloppy bookkeeping rather than criminal activity is to blame for the f...
It’s a really bad deal for taxpayers that a federal watchdog is suggesting that the government only “limit,” but not stop, the exorbitant legal fees that Fannie Mae ...
Remarks recently delivered by a senior enforcement official at the Securities and Exchange Commission suggest that securities regulators are now looking to expand th...
Former Goldman Sachs Vice Chairman Robert Steven Kaplan argues Dodd-Frank and capital requirements have ensured banks have plenty of resources.
FBN’s Adam Shapiro on the IRS and Justice Department joining other federal agencies in cracking down on identity theft.
U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest sa...
Authorities arrested four people and will announce charges against several more on Wednesday as part of the government's sweeping probe into insider trading at hedge...
Less than a week after being hit by a lawsuit over his role as CEO of mortgage giant Fannie Mae , Fortress Investment (NYSE:FIG) CEO Daniel Mudd disclosed plans on W...
FBN’s Lori Rothman on Best Buy hiring recruiting firm Spencer Stuart to help in its search for a new CEO.
FBN’s Tracy Byrnes with an afternoon market update, plus news that Eaton will buy Cooper Industries for $11.8 billion.
FBN’s Diane Macedo breaks down the stories moving the market ahead of the trading day.
Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
The Galleon Group hedge fund wasn't alone in piling into Goldman Sachs Group Inc. stock hours before the bank announced a $5 billion investment from Warren Buffett's...
How concerned is Wall Street about the ongoing insider-trading crackdown?Judging from the attendance last night for an event at the Harvard Club in midtown Manhattan...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
